Monthly Archives: April 2012

Turning sewer water into premium wine.

Although the title of this essay sounds like an exaggerated biblical miracle, it is meant to be merely a financial oracle. By definition, an oracle portends the future. To the economists, the abundance of foreclosed homes signifies trouble in the … Continue reading

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Bankers are getting smarter.

My blog posted on March 15, 2012 lamented that the lack of cerebral prowess of bankers as a group had led the banking industry astray, resulting in a financial meltdown, causing misery all around. Worse, they are completely oblivious to … Continue reading

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